Rheology Modifiers Industry Size

Rheology Modifiers Market worth $8.6 billion by 2024

The report "Rheology Modifiers Market by Type (Organic and Inorganic), Application (Paints & Coatings, Cosmetics & Personal Care, Adhesives & Sealants, Inks, Pharmaceuticals, Home and I&I Products, Oil & Gas, Construction) - Global Forecasts to 2024" The global rheology modifiers market size is projected to reach USD 8.6 billion by 2024, at a CAGR of 3.5%, from USD 7.2 billion in 2019.

Browse 115 market data Tables and 50 Figures spread through 173 Pages and in-depth TOC on "Rheology Modifiers Market by Type (Organic and Inorganic), Application (Paints & Coatings, Cosmetics & Personal Care, Adhesives & Sealants, Inks, Pharmaceuticals, Home and I&I Products, Oil & Gas, Construction) - Global Forecasts to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/rheology-modifier-market-223566264.html

The increasing demand from various applications primarily triggers the growth of the global rheology modifiers market. Paints & coatings are the largest application for rheology modifiers. Automotive, construction, furniture, metal, and other similar industries are the end-users of paints and coatings. These industries are mature in developed economies of Western Europe and North America and growing at a rate of 2%–4%. On the contrary, the growth rate of these industries is high, approximately 5%–6%, in developing economies of Eastern Europe, Latin America, and APAC. The cosmetics industry is rapidly growing in emerging markets such as Brazil, China, and India. Increasing consumer awareness about the usage of high-quality cosmetic products and willingness to pay premium prices are driving the cosmetics industry at the global level, thus, driving the demand for rheology modifiers. Moreover, the increasing crude oil production and shale gas exploration is expected to drive the demand for the rheology modifiers market between 2019 and 2024.

Organic is the largest type of the rheology modifiers market.

The organic segment accounted for the largest share of the overall market, in terms of value, in 2018. It is also expected to be the fastest-growing segment during the forecast period. Organic rheology modifiers are diverse in terms of chemistry and availability than inorganic rheology modifiers and are mainly based on natural raw materials. They have been further classified into two major types, natural and synthetic. The high performance of organic rheology modifiers in various applications, along with their environmentally friendly properties, are the key factors driving this segment.

Paints & coatings are projected to be the largest application of the rheology modifiers market during the forecast period.

The paints & coatings application accounted for the largest share of the overall market in 2018. The paints & coatings have a wide range of applications in construction, automotive, aerospace, marine, wood, general industrial, and other sectors. Owing to population growth and urbanization, high growth is expected in paints & coatings, adhesives & inks, cosmetics & personal care, and home care and I&I products applications during the forecast period, which, in turn, is expected to fuel the rheology modifiers market. China, India, and the US are expected to drive the demand for rheology modifiers over the next few years.

APAC is projected to be the largest market of rheology modifiers during the forecast period.

APAC is the largest market of rheology modifiers, followed by North America and Europe. The massive industrial growth in APAC has been fueling the growth of the rheology modifiers market over the past few years, which is expected to continue during the next five years. Domestic and foreign investments in key sectors, such as energy, manufacturing, construction, and mining, have been consistently growing over the past decade. According to the IMF, the GDP growth rate of China was 6.3% in 2018, which is expected to result in the growth of the industrial sector and the demand for rheology modifiers in the country. Over the past decade, India has been witnessing a moderate GDP growth. The country has attracted heavy investments in key industrial sectors, such as construction, cement, personal care, and energy. The economic outlook for India has been very optimistic. The Government of India is focused on the manufacturing sector by liberalizing policies and providing additional incentives, such as land at cheap rates and faster clearances from all the concerned departments. As a result, the overall economy is rapidly growing. This is expected to drive the sale of rheology modifiers in the region during the forecast period.

The key market players profiled in the report include The Dow Chemical Company (US), BASF SE (Germany), Lubrizol Corporation (US), Arkema (France), Clariant (Switzerland), Croda International Plc. (UK), Ashland (US), Akzo Nobel N.V. (Netherlands), Elementis Plc. (UK), and BYK Additives & Instruments (Germany).

Don’t miss out on business opportunities in Rheology Modifiers Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Rheology Modifiers Market Size,  Share & Growth Report
Report Code
CH 3518
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Rheology Modifiers Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status

Digital Virtual Assistant - MarketsandMarkets